EANS-Adhoc: Mühlbauer Holding AG & Co. KGaA records significant increases in sales and result in Q3 - Forecast once more revised upwards

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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02.11.2010

Roding, 2 November 2010 - In Q3 2010, the globally active Mühlbauer technology
group continued the positive business development it has recorded in all
business areas since the beginning of the year and benefited from the sustained
high demand for ID- and RFID-based system solutions as well as industry-based
technology products. The result is a significant year-on-year sales and earnings
increase. Based on a high order backlog and a gratifying outlook in all business
areas, the Mühlbauer Group has again adjusted its forecast for the total year
notably upwards.

The main reason for the extremely positive quarterly result is the distinct
growth in sales of 30.7% to EUR 54.5 million (PY: EUR 41.7 million), with a
comparatively lower cost-of-production ratio. Due to this gratifying
development, gross profit for the reporting period totals EUR 22.0 million,
which is EUR 7.1 million or 47.5% higher than the gross profit of EUR 14.9
million achieved in the same quarter of the previous year. Minus the remaining
overheads, earnings before interest and taxes (EBIT) amounts to EUR 11.4 million
and is thus 171.4% higher than the Q3 2009 result (EUR 4.2 million), which was
adjusted for a special effect. This corresponds to a doubling of the EBIT margin
to 20.9% - after adjusted 10.1% year-on-year. Taking into account the special
effect, the EBIT margin in fact rose by a total of 15.2% points. While earnings
before taxes (EBT) climbed to EUR 11.5 million (PY: EUR 2.4 million), taking
into consideration the slight improvement of financial result by EUR 0.1
million, net earnings also benefited from the drop of the income tax rate to
19.9% (PY: 27.0%) and grew strongly - to EUR 9.2 million (PY: EUR 1.8 million).
With regard to earnings per share, this amounts to a rise from EUR 0.12 to EUR
0.63 year-on-year. On a nine-month comparison, sales total EUR 147.3 million
(PY: EUR 123.0 million), while EBIT adjusted for special effects affecting
income amounts to EUR 25.3 million (PY: EUR 11.7 million). Based on sales this
corresponds to an EBIT margin of 17.2% - after 9.5% year-on-year. Taking into
account all special effects, the EBIT achieved in the first nine months of 2010
totals EUR 27.6 million, thus exceeding the EBIT of EUR 7.5 million, achieved in
the same period of the previous year, by more than three and a half-fold. This
corresponds to an EBIT margin of 18.7% - after 6.1% year-on-year. Earnings per
share have therefore improved from EUR 0.36 to EUR 1.50.

Adjusted for external cashflows from transactions with short-term marketable
securities (reporting period: EUR -5.9 million; PY: EUR +18.1 million), cashflow
from operating activities for the first nine months of the current financial
year is EUR +25.5 million higher year-on-year, at EUR +42.7 million (PY: EUR
+17.2 million). Despite higher investments (EUR 18.1 million; PY: EUR 14.0
million), free cashflow for the first nine months of 2010 is thus at an
extremely positive level of EUR +24.6 million, which is EUR +21.4 million higher
year-on-year (PY: EUR +3.2 million).

As expected, the significant extension of business recorded in the first nine
months led to a 14.4% higher balance sheet total of EUR 201.4 million (PY: EUR
176.1 million). As a result of this development the equity ratio dropped 4.6%
points, to 73.3% - irrespective of the absolute increase of shareholders´ equity
by EUR 10.5 million.

Due to substantial growth in all business areas of the Mühlbauer technology
group order income in Q3 2010 rose 40.2% to a total of EUR 62.8 million (PY: EUR
44.8 million). On a nine-month comparison, the high increases in orders of
preceding quarters led to a new record high in the company´s order book. At EUR
235.9 million, order income was 84.2% higher year-on-year. The order backlog to
the end of the reporting period amounted to EUR 155.6 million and was thus 88.8%
higher than the value for the same quarter of the previous year (PY: EUR 82.4
million).

Even though the further development of the economy is subject to certain
imponderabilities as a result of recent events, the Mühlbauer technology group
is again adjusting its outlook for the whole of 2010 upwards, against the
background of the strong order situation recorded in the first nine months of
2010. It is now expecting to achieve sales of at least EUR 195 million and an
EBIT rate of approx. 18%. Based on the positive business development and the
principally positive expectation of the market, Mühlbauer has initiated
investments to streamline the organization, increase flexibility and position
itself even better for the future. Mühlbauer is planning investments of approx.
EUR 28 million for the year as a whole, of which EUR 15.9 million were already
completed to the end of the reporting period.

Further inquiry note:
Ramona Bemmerl
Investor Relations
+49(0)9461-952-1653
[email protected]
end of announcement euro adhoc
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issuer:      Mühlbauer Holding AG & Co.KGaA
             Josef-Mühlbauer-Platz 1
             D-93426 Roding
phone:       +49(0)9461-952-1653
FAX:         +49(0)9461-952-788
mail:        [email protected]
WWW:         http://www.muehlbauer.de
sector:      Machine Manufacturing
ISIN:        DE0006627201
indexes:     CDAX, Prime All Share, Technology All Share

stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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